Gate.io cloud mining is as easy as it can be, without additional fees at all.

Gate.io Cloud Mining

There are numerous opportunities to profit from emerging crypto and blockchain technologies. One of the more popular ones nowadays is Gate.io cloud mining. What is Gate.io cloud mining, and how do you earn money from it? This article will answer all your queries.

 

What is Cloud Mining?

Cryptocurrency cloud mining is a technology that makes it possible for anyone who wants to earn Bitcoin and other coins to do so with the utmost ease. To start creating BTC and other cryptocurrencies via the cloud, we are not required to purchase, install, or maintain any particular hardware or software. We simply have to join a certain cloud mining platform, create an account, deposit money, and purchase a certain hash contract. Afterward, we will receive cryptocurrency rewards during the duration of the contract.

The cloud mining process typically begins immediately after contract purchase. We don't even have to fully understand all the theories, the mining process, and every piece of equipment used in it. No programming and financial knowledge required, no sky-high electricity charges, no expensive hardware needed; a layman can do it too.

Cloud mining is becoming increasingly popular due to its simplicity. However, there are a few notable cloud mining platforms on the internet (and lots of scams). Which legit cloud mining platform can we use? One of them is Gate.io. 

 

Gate.io Cloud Mining Services

One of the first Chinese bitcoin exchanges, Gate.io, was established in 2013 by Lin Han. It offers various services, including cloud mining, through its main site and mobile app.

Gate.io cloud mining is powered by multiple mining providers located in Russia, Iceland, the United States, and others. Gate.io guarantees a 100% hash rate. Gate.io will refund your partial payment amount if an unplanned interruption prevents cloud mining from continuing, taking into account the ratio of your entire service time and total payment amount.

 

How to Join Gate.io Cloud Mining?

There are two ways to join Gate.io Cloud Mining. We can choose whether to register through the Gate.io website or the mobile app.

The registration procedure is as follows:

  1. Go to the Gate.io homepage, view the "Earn" menu, and then click on "Cloud Mining". Otherwise, install the Gate.io mobile app and then access the "Cloud Mining" option on the "Markets" page.
  2. Pick a product from the list (beginner, elementary, intermediate, advanced). Click on the "Purchase" button to view a more in-depth description.
  3. Further information in each product detail includes Static Annualized Rate of Return, service time, hash rate, payout window, start time, also electricity and maintenance costs. There are also reference charts to show the product's Static Output Analysis, an estimate that may change in accordance with the changes in future prices of the currency and the entire network's computing power. Click on the "Purchase" button to make a transaction, or go back to the previous page to choose other products.
  4. Gate.io will deduct payment for cloud mining contract purchases from our existing account. Therefore, make sure that you have sufficient USDT in your account before proceeding. Beginners can top up their account balance by buying crypto on Gate.io first because it doesn't accommodate direct deposits in fiat currencies.

We can monitor the results of our investment through our personal account area. Visit "My Cloud Mining" to view "Cloud Mining Overview", "Purchase Records", and claim any available income. One account may purchase more than one unit of the same cloud mining product in order to boost results.

 

Advantages and Disadvantages of Gate.io Cloud Mining

The advantages are obvious. Gate.io cloud mining is as easy as it can be, without additional fees at all. Quick registration and quick income, too.

Rewards are paid daily and can be withdrawn at any time. Theoretically, someone who purchases a contract today can begin to claim their income tomorrow. Though it is obviously impractical to do so, because daily income is insignificant compared to Gate.io's minimum withdrawal amount.

So, are there any downsides? Well, yes, there are. Gate.io platform only facilitates Bitcoin cloud mining. Of the eight products available when this article is written, all of them are Bitcoin mining contracts with different specifications. Additionally, Gate.io is not a strictly-regulated company in any country. 

The company has established a solid track record since its establishment. CER has also certified it as one of the top exchanges in terms of cybersecurity. However, since all Chinese-based crypto exchanges were kicked out by the Chinese government back in 2017, Gate.io remains an unregulated exchange. Its Malta-based entity supposedly receives a Virtual Financial Assets (VFA) Service Provider Class 4 License in Malta, but its services are still not legally available in many other countries.